Did You Know...

President Obama spoke at the University of North Carolina today about keeping lower interest rates for students, and the speech had a bit of a “debt revival” feel to it:

Obama told the students that since they were born, tuition and fees at colleges have doubled.

“And that forces students like you to take on a lot more loans, there are fewer grants, you rack up a lot more debt,” Obama stated.

“Can I get an Amen for that?” he asked the crowd who cheered, “AMEN!”

“Now, the average student who borrows to pay for college, now graduates with with about $25,000 in debt, that’s the average, he added,

“Some have more,” he said. “Can I get an Amen for that?”

“AMEN!” the crowd who cheered.

“Because some folks have a lot more debt like that,” Obama chuckled, as another person in the crowd shouted, “AMEN!”

Amazingly, I think that last “amen” came from an American who hasn’t even been born yet.

If these students are counting on Obama and the Dems (along with a sizable chunk of the rest of Washington for that matter) to be the ones to deliver them from a life of insurmountable debt, they are in for some serious dissapointment. “OMG Tiffany, we’ve got to do something about our out of control student debt — let’s ask the people who say you have to spend money to keep from going bankrupt for some advice!”

What the students didn’t hear:

“In 2007 I missed two votes to extend the student loan bill that I now want you to believe is the most important things I’ve ever promoted. Can I get an amen?”